Enterprise Properties Inc
- Assets
- $3.3m
- Revenue
- $508.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 55-0714069
Organization Overview
Enterprise Properties Inc is located in Charleston, WV. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Properties Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Enterprise Properties Inc generated $508.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $287.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENTERPRISE PROPERTIES, INC. FORMED TO PARTNER WITH THE STATE OF WV TO PURCHASE AND LEASE A BUILDING FOR THE SOLE PURPOSE OF ECONOMIC DEVELOPMENT AND JOB RETENTION IN CHARLESTON, WV. ENTERPRISE PROPERTIES, INC. IS NOW THE SOLE OWNER AND LESSOR, FACILITATING CONTINUED RETENTION OF OVER 700 JOBS BASED IN THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERPRISE PROPERTIES, INC. (EPI) LEASES AN OFFICE BUILDING TO CASCI, AN AGENCY WHICH PROCESSES CLAIMS FOR THE FEDERAL EMPLOYEES' INSURANCE PLAN. EPI HAS BEEN INSTRUMENTAL IN KEEPING CASCI IN CHARLESTON, AND HAS CONTRIBUTED TO THE OVERALL ECONOMIC WELLBEING OF THE COMMUNITY BY RETAINING OVER 700 JOBS WITH AN ANNUAL PAYROLL EXCEEDING $27 MILLION. CASCI CONTINUES TO PROJECT ANNUAL GROWTH IN JOBS FOR THE COMMUNITY. CASH FLOW FROM THE LEASE ALLOWS EPI TO DISBURSE ECONOMIC DEVELOPMENT GRANTS TO AN AFFILIATED NON-PROFIT ORGANIZATION IN FURTHERANCE OF ITS ECONOMIC DEVELOPMENT MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Rubin Former President And CEO Until May 2021 | OfficerTrustee | 1 | $0 |
Tessa White Vice Chair | OfficerTrustee | 1 | $0 |
Nicole Christian President And CEO Eff July 2021 | OfficerTrustee | 1 | $0 |
Matthew Bond Chairman | OfficerTrustee | 1 | $0 |
Debra S James CFO | Officer | 1 | $0 |
Jack Rossi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $508,128 |
| Investment income | $388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $1,609 |
| Fees for services: Accounting | $2,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,918 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $287,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,068,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,268,381 |
| Accounts payable and accrued expenses | $813 |
| Grants payable | $0 |
| Deferred revenue | $84,688 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $175,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102 |
| Total liabilities | $261,358 |
| Net assets without donor restrictions | $3,007,023 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,268,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Committee Of The Lehigh Valley Inc Bethlehem, PA | $24,914,072 | $40,517,893 |
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
Williamsburg Area Chamber Of Commerce Williamsburg, VA | $14,757,466 | $13,076,106 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
Naiop Inc Herndon, VA | $24,051,800 | $11,820,157 |
Association Of Small Business Development Centers Burke, VA | $3,386,085 | $9,990,521 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |